Directors’ Trades: Maggie Beer buys $590,529 of the ASX company bearing her name
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The most recognisable director who made a $100k trade in the last fortnight was Maggie Beer who bought into her company’s rights issue.
She has remained on the board of the company and bought just over $590,000 in shares as part of the rights issue. Also buying shares was Hugh Robertson, who chipped in $269,367.
|CYM||Cyprium Metals||Gary Comb||Buy||1 April||1,400,000||$295,000||On market & Placement|
|OBL||Omni Bridgeway||Michael Kay||Buy||31 March||48,631||$171,220||On market|
|CV1||CV Check||George Cameron-Dow||Buy||6 April||606,061||$100,000||Placement|
|HM1||Hearts and Minds Investment||Chris Cuffe||Sell||6 April||50,000||$230,000||Off market|
|PNC||Pioneer Credit||Keith John||Buy||1 April||219,006||$108,824||On market|
|FYI||FYI Resources||Roland Hill||Buy||1 April||200,000||$106,000||On market|
|HM1||Hearts and Minds Investment||David Wright||Buy||6 April||50,000||$230,000||Off market|
|OBL||Omni Bridgeway||Hugh McLernon||Sell||8 April||1,000,000||$3,630,000||On market|
|DDR||Dicker Data||Vladmir Mitnovetski||Buy||12 Apr||10,000||$100,500||On market|
|JLG||Johns Lyng Group||Lindsay Barber||Sell||8 April||2,500,000||$9,375,000||Off market|
|BCB||Bowen Coking Coal||Matthew Latimore||Buy||9 April||3,150,000||$211,860||On market|
|OKU||Oklo Resources||Simon Taylor||Buy||9 April||800,000||$109,075||On market|
|MBH||Maggie Beer||Maggie Beer||Buy||12 April||1,687,227||$590,529||Rights Issue|
|MBH||Maggie Beer||Hugh Robertson||Buy||12 April||769,619||$269,367||Rights Issue|
|FFG||Fatfish Group||Gan Nyap Liou||Buy||14 April||1,418,377||$170,205||On market|
|RED||Red 5||John Loosemore||Buy||16 April||1,617,312||$258,770||Rights Issue|
|HRN||Horizon Gold||Peter Sullivan||Buy||16 April||331,017||$115,856||Rights Issue|
|JRL||Jindalee Resources||Justin Mannolini||Sell||16 April||100,000||$200,000||On market|
Copper explorer Cyprium Metals (ASX:CYM) provided the next biggest trader with Gary Comb buying $295,000 on market.
Cyprium recently bought Metals X’s (ASX:MLX) copper assets for $24 million cash including the Nifty, Marochydore and Paterson projects.
Loosemore’s purchase was part of a substantial capital raising of $60 million in equity and $175 million in debt finance which the company hopes to use to develop its King of the Hills gold project.
Matthew Latimore from Bowen Coking Coal (ASX:BCB) bought $211,860 of his company which has coking coal projects in the Bowen Basin.
Its most notable program currently is a Phase 2a program at its Hillalong project.
The Phase 1 program at Hillalong led to the company holding a total maiden resource of 43Mt of which 19.5Mt was shallower than 150m.
The biggest seller was Lindsay Barber from Johns Lyng Group (ASX:JLG) who parted with $9.375 million in shares.
Next was Hugh McLernon from litigation funder Omni Bridgeway (ASX:OBL) who sold $3.63 million on market.
Rounding out the list were Chris Cuffe and David Wright from Hearts & Minds Investment (ASX:HM1). They sold $230,000 each in the ASX Listed Investment Company.